Lucky Strike Entertainment (LUCK) PT Lowered to $9 at Truist Securities

Truist Securities analyst Michael Swartz lowered the price target on Lucky Strike Entertainment (NYSE: LUCK) to $9.00 (from $10.00) while maintaining a Buy rating.

The analyst commented: "A transitional FY27 from conversions, acquisitions, and cost-saving operational initiatives; Our FY26 Adjusted EBITDA projection goes to $345M from $376M and EPS to ($0.15) from $0.01. Our FY27 Adjusted EBITDA projection goes to $385M from $409M and EPS to $0.11 from $0.28. We lower our price target to $9 from $10 which is based on a 9.0x target multiple (unchanged) to our 2027 EBITDA estimate. We continue to treat the next few quarters as a "show me-story" for LUCK to present measurable earnings improvement from the core bowling business (especially from rebrandings), cost controls, and in FY1Q via the waterpark segment."

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